Kyle Cooper Prices Quotations

There is a little talk that OPEC may announce a cut. I don't know how likely that is, but the fall in prices might prompt some action.

We are rebounding a bit but this is still a bearish market. There is a little talk that OPEC may announce a cut. I don't know how likely that is, but the fall in prices might prompt some action.

Prices are much higher on fear of possible further supply disruptions. Continued concern about the Iranian situation and new threats in Nigeria and primary drivers. There were no new reported attacks in Nigeria, just more threats.

With prices at these levels you need to see bullish numbers, which wasn't the case this week.

The weather remains the primary driver. Until the weather moderates, prices will likely remain robust.

This is a financial, fear-driven market. It is not fundamental, nor has it been since early 2003, when prices and inventories began rising in tandem. It takes very little for prices to rise.

The heating oil fundamentals are the worst since the winter of 1998-1999 when the price was 30 cents. There is plenty of supply and prices should be lower. It's too early in the winter but in a few weeks prices should be much lower.

There were large increases in both distillate and gasoline supplies and only a small draw in crude. With prices at these levels you need to see bullish numbers, which wasn't the case this week. Supplies look adequate.

The last time inventories were this high was in early 1999, when prices were below $20 a barrel. OPEC wants prices to fall. Saudi Arabia and other members remember that when prices spiked in the 70s there was a rash of investment and they lost a lot of market share for a long time.

The last time inventories were this high was in early 1999 when prices were below $20 a barrel. OPEC wants prices to fall. Saudi Arabia and other members remember that when prices spiked in the 70s there was a rash of investment and they lost a lot of market share for a long time.